“With these starvation pensions, we don’t even know how we’re supposed to eat”: IVSS retirees call for action as the Bolívar continues to fall

“With these starvation pensions, we don’t even know how we’re supposed to eat,” stressed the vice president of the National Union of Retired Workers of the Venezuelan Social Security Institute (IVSS). By Vanessa Davies Carlos Julio Rivera, vice president of the National Union of Retired Workers of the Venezuelan Social Security Institute (IVSS), says he […]

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ENI negotiates new contracts in Venezuela and expects to increase production at Junín 5

The Daily Journal. — Italian energy company ENI is negotiating new contracts with Venezuela and Petróleos de Venezuela (Pdvsa) to align its operations with the country’s new legal framework for the oil sector. At the same time, the company expects to accelerate development of the Junín 5 project in the Orinoco Oil Belt, Reuters reported. […]

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ABC: U.S. Congress investigates fund managing Venezuelan oil revenue

The Daily Journal. — The U.S. Government Accountability Office (GAO) has launched an investigation into the fund through which the Donald Trump administration manages revenue generated from Venezuelan oil exports. Representatives Joaquín Castro and Sean Casten, along with Senators Chris Van Hollen and Tim Kaine, requested the investigation. They are seeking information about the accounts […]

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Senior U.S. official questioned over handling of Venezuelan oil funds meets Delcy Rodríguez in Caracas

The Daily Journal. — Caleb Orr, the U.S. Assistant Secretary of State for Economic, Energy, and Business Affairs, met with Acting President Delcy Rodríguez in Caracas on Wednesday. Two weeks earlier, members of the U.S. Congress questioned Orr about the management of revenue generated from the sale of Venezuelan oil. Caracas announced that Rodríguez held […]

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Texas accounts for 43% of Venezuelan oil imports to the U.S.

EFE. — Texas has become the leading destination for Venezuelan crude oil entering the U.S. market, receiving 43% of total imports thanks to a refining infrastructure built over decades to process heavy crude grades such as those produced in Venezuela. According to S&P Global Commodity Insights data for June, Texas received 43% of the Venezuelan […]

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Government and UN launch 60-day plan to assess earthquake damage and recovery needs

The Daily Journal — The Government of Venezuela and the United Nations (UN) launched a joint 60-day initiative on Wednesday to assess the damage and recovery needs caused by the twin earthquakes that struck on June 24. The disaster claimed thousands of lives, displaced thousands of people, and caused extensive material damage. The initiative, called […]

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Colonel jailed after questioning 2024 presidential election results released

The Daily Journal — Venezuelan human rights organization Foro Penal reported Wednesday that authorities released Colonel José Jesús Lozano Mogollón, who had remained in custody since August 9, 2024. Authorities arrested him after he told a subordinate that he disagreed with the results announced by the electoral authority in the 2024 presidential election. Legal background […]

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Editorial | What will Uncle Sam think of us?

Dr. Juan Barreto, Director for Venezuela and Latin America “Bochinche, bochinche!” Francisco de Miranda cried out when a group of patriots handed him over to the Spanish in exchange for a peace armistice. What must Uncle Sam, Venezuela’s guardian, think today when he sees a group of enraged protesters burning American flags and kicking the […]

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Reuters: Experts rule out immediate foreign investment in Venezuelan refineries

Reuters — Venezuela’s Paraguaná Refining Complex, in the country’s west, once symbolized the nation’s oil wealth and its ambition to transform vast crude reserves into fuels and export revenue. Today, however, the complex in Falcón state, with the capacity to process 955,000 barrels of crude per day (bpd), operates at only a fraction of its […]

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Humanitarian response to earthquakes faces funding shortfall as only 39% of plan receives financing

The Daily Journal — The humanitarian response for people affected by the June 24 earthquakes faces a major funding shortfall. The updated response plan led by the United Nations and humanitarian organizations has secured only 39% of the required funding, according to the Norwegian Refugee Council (NRC). The organization warned that as many as 1.3 […]

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